Word: marketer
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Dates: during 1950-1959
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...white-smocked women who push ice-cream carts in the parks and squares of Moscow are state employees. The peasants who peddle produce in open-market stands work for collective farms. In theory, all the service and retail trades in Russia are nationalized. But in fact, to judge by the most recent hue and cry in the Moscow press, the entrepreneur in human nature is never dead, and a moral smog hangs over Russia. In the world's most advanced socialist state, private enterprise, profiteering, and just plain payoffs seem to be bursting out all over...
...Communists claimed that the farmers' pastures had been very dry. The farmers growled that the Communists' planning had been all wet. Somehow or other, so much of Poland's livestock had been shipped to market last season that the country was fresh out of meat. Such belated measures as rationing meat and importing 20,000 tons of Soviet beef had not ended the meat shortage (TIME, Oct. 12), and last week, as the crisis got worse, Communist Boss Wladyslaw Gomulka and his ministers were trying every desperate trick. They convicted 101 official state slaughterers of black-marketing...
...sought by U.S. typewriter manufacturers. The Tariff Commission will investigate a petition from Smith-Corona Marchant and Royal McBee asking for a duty of 30% ad valorem per foreign machine, with a minimum fee of $10. Main reason: imports account for a disproportionate 30% of the U.S. market...
...size of the biggest family fortune made in the get-rich-quick U.S. electronics industry was fixed last week. Only 30 minutes after being placed on the market, the first public offering of 1,000,000 shares of Transitrun Electronic Corp. at $36 each was snapped up by investors. Not since the first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David...
Laboratories. In a corner of Leo's plastics factory in Boston, Mass., David developed a commercially produceable gold-bonded diode can electronic switching device for converting alternating current into direct current) that was better than anything on the market. But even after it had a product, Transitron had to wait a year before it could sell any. During that year, Leo poured nearly $400,000 into the new firm, which lost...